This is an important announcement, We have been getting some security breach attempts since Day 1 of our Pre-sale. However, the rate at which security attempts were being tried increased, and with the news of beetoken and experty hack, we have decided to pause the Pre-Sale and go through a rigorous security audit to secure the platform in a better way. It has been reported to us that already scamsters have managed to scam investors of more than $50K of investors by creating fake accounts on telegram with the same names as that of Velix.ID team and asking for ETH in their personal wallets.

So as a measure, we are pausing our Pre-Sale till our security audits are through and we will be announcing the new dates soon.

Is that mean we keep our identity on blockchain and use it for any verification process? This looked like CIVIC to me and maybe come out with some compare between both?

Velix.ID does not let user put identity on blockchain. We are a decentralized ecosystem where the data is always saved on user's device. We would be identity verification enablers and not storage.You can read about us in detail in our WhitePaperAlso, extending on the difference we have with civic, we would like to say that we are solving the same fundamental problems of identity verifications but our approach is absolutely different.Moreoever, the main difference is in the target market, we are targeting India and Australia with 1.3 billion identities as compared to North America to which civic is catering too.

We are also coming up with a blog and a page on our website which would be comparing civic/Velix.ID/traditional identity systems for further elaboration.

Is that mean we keep our identity on blockchain and use it for any verification process? This looked like CIVIC to me and maybe come out with some compare between both?

Velix.ID does not let user put identity on blockchain. We are a decentralized ecosystem where the data is always saved on user's device. We would be identity verification enablers and not storage.You can read about us in detail in our WhitePaperAlso, extending on the difference we have with civic, we would like to say that we are solving the same fundamental problems of identity verifications but our approach is absolutely different.Moreoever, the main difference is in the target market, we are targeting India and Australia with 1.3 billion identities as compared to North America to which civic is catering too.

We are also coming up with a blog and a page on our website which would be comparing civic/Velix.ID/traditional identity systems for further elaboration.

Thanks for asking the question ! I hope i answered it to your level.

Cheers!Velix.ID Team

Thanks for the information. What happened if the user's device been hacked by some unknown party? Will they have any access to the information or any encryption that are not easy to crack?

I don't understand why there are influx of projects in the identity projects, why do I want to give out my identity at will to all these different partied, remember most of these project are only hiding under blockchain but never proof to us how secured these information will be and not get into wrong hands

Is that mean we keep our identity on blockchain and use it for any verification process? This looked like CIVIC to me and maybe come out with some compare between both?

Velix.ID does not let user put identity on blockchain. We are a decentralized ecosystem where the data is always saved on user's device. We would be identity verification enablers and not storage.You can read about us in detail in our WhitePaperAlso, extending on the difference we have with civic, we would like to say that we are solving the same fundamental problems of identity verifications but our approach is absolutely different.Moreoever, the main difference is in the target market, we are targeting India and Australia with 1.3 billion identities as compared to North America to which civic is catering too.

We are also coming up with a blog and a page on our website which would be comparing civic/Velix.ID/traditional identity systems for further elaboration.

Thanks for asking the question ! I hope i answered it to your level.

Cheers!Velix.ID Team

Thanks for the information. What happened if the user's device been hacked by some unknown party? Will they have any access to the information or any encryption that are not easy to crack?

This is a fine project. I will keep watching. Thanks.

Amazing question! In case the User's device gets stolen, there are multiple security measures to protect you from your Velix.ID being compromised:

1. There's a two factor authentical that requires your thumbprint to unlock your Velix ID.2. You can always access your Velix ID from another device and permanently disable your lost device, so that your Velix ID can no longer be accessed from that lost device.

I don't understand why there are influx of projects in the identity projects, why do I want to give out my identity at will to all these different partied, remember most of these project are only hiding under blockchain but never proof to us how secured these information will be and not get into wrong hands

Topesis, I totally get your concern! However, we are actually trying to be quite transparent about the platform we are building. Have you seen the technical section of our white paper where we have tried to explain that how we are actually not at all even storing your identity with us? https://www.velix.id/assets/Velix-White-Paper.pdf

In the Velix.ID ecosystem, the User's information is always stored with them on their own device, and never with Velix.ID. The information is transacted directly to the verified-identity seeker, without any intermediary control from Velix.ID, as long as the consent of the User is present.

Please do dig in a little deeper into the project, we are definitely trying our best to build a genuine product that helps improve the process of ID verification for both businesses and consumers. Let us know if there are any concerns you have about your identity not being secure on the platform, and we will be happy to answer them!

Hi everyone! Just added Velix.ID ICO to my website https://concourseq.io/Q/Velix.ID. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB

Hi everyone! Just added Velix.ID ICO to my website https://concourseq.io/Q/Velix.ID. ConcourseQ is a collaborative due diligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! PS: If you have any questions about filling in the info, feel free to ask us in our discord group: https://discord.gg/j8RBAwB

That is so awesome, SeveralIQ! You have a cool website and best of luck with making it popular! Someone from our team will definitely fill up our profile on your platform. If you want to join our community, get in touch!

With Velix ID, user always keeps his personal information under control and can share it with anyone he wants - there is a unique 8-number alphanumeric password, that one can set to protect his personal information. Velix Platform puts data on encrypted public ledger - no data transaction can occur without the authentication of the ID’s holder. It is simple and effective. Such approach will become a groundbreaking solution to the problem of identity crisis, which has been affecting the world since the first global databases were developed.The Velix.ID tokens will be available for purchasing in the coming weeks.